Published on 4/16/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $827,000 index-linked notes on S&P indexes
By Wendy Van Sickle
Columbus, Ohio, April 16 – GS Finance Corp. priced $827,000 of 0% index-linked notes due April 4, 2024 linked to the least performing of the S&P 500 index and the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.05 times of the return of the least performing index.
If any index falls but the return of each index is at least negative 10%, the payout will be par.
If any index falls by more than 10%, investors will be exposed to the decline of the worst performing index beyond 10%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500 Value index, S&P 500 index,
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Amount: | $827,000
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Maturity: | April 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.05 times the return of the least performing index; if any index falls but the return of each index is at least negative 10%, par; exposure to the decline of the worst performing index beyond 10%
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Initial levels: | 1,395.62 for S&P 500 Value, 3,958.55 for S&P 500
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Pricing date: | March 30
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Settlement date: | April 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | Up to 1.675%
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Cusip: | 40057FMN1
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